Fannie Mae

  www.fanniemae.com
  www.fanniemae.com

Fannie Mae Reviews in Dallas-Fort Worth, TX

Updated November 25, 2014
Updated November 25, 2014
476 Reviews
3.3
476 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Fannie Mae CEO Tim Mayopoulos
Tim Mayopoulos
122 Ratings

Review Highlights

Pros
  • If you go in with your eyes open, it can be a stable environment with good work/life balance (in 75 reviews)

  • Fair compensation and benefits as compared to most companies this size (in 20 reviews)


Cons
  • Change is bad to senior management - technology used to be empowered to provide value to the business (in 19 reviews)

  • work/life balance varies from dept to dept, manager to manager (in 7 reviews)

More Highlights

47 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Wish I never left...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - NUC Review Appraiser in Dallas, TX
    Former Employee - NUC Review Appraiser in Dallas, TX

    I worked at Fannie Mae full-time (more than 3 years)

    Pros

    Excellent 401K and bonus plans, tuition reimbursement, strong organizational focus, fantastic people, and management focuses on developing people from within.

    Cons

    1. As with most large corporations, red-tape can sometimes slow things down.
    2. Constant 'noise' from the idiot senators and such about shutting them down makes for morale issues at times.

    Advice to ManagementAdvice

    A little more transparency into department goals would be good.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    management is does not care about employees only numbers and not making them look bad

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Credit Risk Analyst II in Dallas, TX
    Former Employee - Credit Risk Analyst II in Dallas, TX

    I worked at Fannie Mae as an intern (more than 3 years)

    Pros

    great benefits and flex hours; great for learning all aspects of housing market

    Cons

    revolving door for employees; sweat shop and corporate bullies. Will not promote qualified employees only friends. Low moral

    Advice to ManagementAdvice

    management makes unrealistic demands on employees; management needs to be educated in time management. They do not know how long it takes to complete a task therefore, make unreasonable quotas.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Changing company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Non-Technical Project Manager III in Dallas, TX
    Current Employee - Non-Technical Project Manager III in Dallas, TX

    I have been working at Fannie Mae full-time (more than 3 years)

    Pros

    Good established company with good benefit structure

    Cons

    They are going through a complete change.

    Recommends
    Negative Outlook
    Disapproves of CEO
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  5.  

    Difficult work environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Reo in Dallas, TX
    Former Employee - Reo in Dallas, TX

    I worked at Fannie Mae full-time (more than an year)

    Pros

    Compensation is good. Benefits are very good.

    Cons

    Extremely difficult work environment. Government mentality with excessive restrictions and out of date and poorly documented systems make it very difficult to accomplish tasks.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. 2 people found this helpful  

    Great company to work for overall!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Dallas, TX
    Current Employee - Director in Dallas, TX

    I have been working at Fannie Mae full-time (more than 8 years)

    Pros

    Great work/life balance, smart people, dynamic environment with great growth opportunities
    Leadership is constantly trying to improve; Open communication

    Cons

    Regulator controlled environment, Outdated technology and system issues
    Some groups may not be managed very effectively

    Advice to ManagementAdvice

    Introduce coaching culture for more openness and trust among employees and managers

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    My overall experience with FNMA was great, however, the department I was in, Management was horrible.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Property Cost Management Specialist in Dallas, TX
    Former Employee - Property Cost Management Specialist in Dallas, TX

    I worked at Fannie Mae full-time (more than 3 years)

    Pros

    Wonderful company, great benefits, good pay.

    Cons

    Management not very effective, not trained or qualified for job responsibility of title.

    Advice to ManagementAdvice

    Their is no management style, ineffective, unprofessional, care more about office politics then the employee.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Temporary Contractor as Operations Valuations Specialist

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Operations Specialist -- Valuations in Dallas, TX
    Former Employee - Senior Operations Specialist -- Valuations in Dallas, TX

    I worked at Fannie Mae as a contractor (more than an year)

    Pros

    Diversified work environment with great employees open to new ideas or answer questions.

    Cons

    As a Temporary Contractor, no benefits

    Advice to ManagementAdvice

    Management should provide more feedback to temporary contract employees in order to let them know how they are performing and that their work meets the quality standards and metrics. All employees, permanent or temporary, need to know that they are contributing to the overall success of Fannie Mae and that their efforts are appreciated.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Excellent company, gained great knowledge and experience, impact to the community

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Pre Rental Specialist/Project Specialist in Addison, TX
    Former Employee - Pre Rental Specialist/Project Specialist in Addison, TX

    I worked at Fannie Mae as a contractor (less than an year)

    Pros

    Contributing to protecting the consumer

    Cons

    hard to get hired permanently

    Advice to ManagementAdvice

    Hire more employees and don't overload current employees

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Surprised at how well-run this company is.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst I in Dallas, TX
    Former Employee - Business Analyst I in Dallas, TX

    I worked at Fannie Mae full-time (more than an year)

    Pros

    Extremely professional organization. The people are very well-qualified and dedicated to their mission. Fascinating to see the internals of how the mortgage industry actually works in this country. Fannie Mae has been unfairly vilified as a cause of the mortgage collapse. In fact, they are required to buy loans sight-unseen from the originators, which provided a great opportunity for fraudulent mortgage brokers. Why the law was written like that is an enduring mystery! Finally, it is a very diverse workforce demographically.

    Cons

    The employee evaluation system for non-managers is arranged so that 50% of the evaluation is based on a "360 degree" view, and only 50% on quality of work -- meaning that non-managers must be popular to stay. When coupled with the HR "stacking" policy in which the bottom 5% of the staff is targeted for termination each year, and the heavy emphasis on using contractors and term employees, the result is that the permanent employee cadre are very homogenous in outlook and style of thought. Which is ironic, since the demographics are quite varied.

    So, unfortunately, conformity is rampant, and divergent thinking isn't encouraged. Also, the dominant culture is one of brevity in speech -- "it is better to keep silent and be thought a fool, than to speak and remove all doubt." The result is a certain type of group-think, which is one of the reasons (I believe) why the organization was so easily defrauded by Countrywide and other bad actors who sold them completely bogus mortgages.

    Advice to ManagementAdvice

    Less group-think. Get rid of the "stacking" of employees -- just about everyone is highly qualified, no need to shave off the bottom 5 - 10% every year. It encourages unfortunate and sometimes vicious competition internally, to little purpose.

    Recommends
    Neutral Outlook
    Approves of CEO

    Fannie Mae Response

    Feb 4, 2014Representative

    Thank you for your feedback and we appreciate you taking the time to review the company. We will pass this along to Senior Management.

  11. 1 person found this helpful  

    Great company with exceptional benfits

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Business Analyst in Dallas, TX
    Current Employee - Senior Business Analyst in Dallas, TX

    I have been working at Fannie Mae full-time (more than 5 years)

    Pros

    Fantastic opportunities to learn and grown. Great compensation with incredible benefits that include all of the regulars plus matching 401k and a lot of vacation time.

    Cons

    Like any corporate environment, it can sometimes feel like buracracy rules the roost; but, that is on a team to team basis. If you get with the right manager, the environment is great.

    Recommends
    Positive Outlook
    Approves of CEO

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